During July2013 Ralston Company decides to dispose of one of its subsidiaries which qualifies for accounting as a discontinued operation. At the July2013 measurement date Ralston Company estimates that it will report net income of $300,0000 dollars from the measurement date until the disposal date which is expected to be in April 2014 In addition, Ralston estimates that it will lose 100,000 on
the sale of the segment. How much gain or loss on discontinued operations will Ralston report in its 2012 income statement (net of income taxes)?
a. $200,000 gain
b. $0
c. $100,000 loss
d. $300,000 loss
A
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